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| PM Modi meet with German Chancellor Olaf Scholz |
Prime Minister Narendra Modi met with German Chancellor Olaf Scholz today to discuss strategic ties in several key areas, including defense, trade, and clean energy ¹. This meeting marks Chancellor Scholz's three-day official visit to India, aimed at boosting bilateral relations between the two nations.
During their meeting, Modi and Scholz will co-chair the seventh Intergovernmental Consultations (IGC), a whole-of-government framework under which ministers from both sides hold discussions in their respective areas of responsibility ¹. The IGC is a biannual exercise, with the last one held in Berlin in May 2022.
The German-Indian Green and Sustainable Development Partnership (GSDP) is also expected to be a key topic of discussion, as Germany looks to reduce its reliance on China and tap into India's economic growth potential ². German companies, such as DHL and Volkswagen, are optimistic about India's market potential, with significant planned investments in the coming years.
Key Areas of Discussion:
- Defense: Strengthening bilateral defense ties and exploring opportunities for cooperation ¹
- Trade: Enhancing trade relations and addressing hurdles to gaining a foothold in the Indian market ²
- Clean Energy: Collaborating on sustainable development and renewable energy initiatives ¹
- Economic Growth: Tapping into India's economic growth potential and reducing Germany's reliance on China ²
The meeting between Modi and Scholz is crucial, as Germany seeks to diversify its economic partnerships and India looks to attract foreign investment. With trade between Germany and India hitting a new record in 2023, this visit is expected to further strengthen bilateral relations ².
